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Corporations Keyed to O’Kelley
In re Kemp & Beatley, Inc.
Citation:
64 N.Y.2d 63 (1984)Only StudyBuddy Pro offers the complete Case Brief Anatomy*
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Petitioner Dissin had been employed by Kemp & Beatley for 42 years when, in June 1979, he resigned. Petitioner Gardstein had been a long-time employee of the company. Apparent unhappiness surrounded petitioners’ leaving the employ of the company. Petitioners considered themselves to be frozen out of the company; whereas it had been their experience when with the company to receive a distribution of the company’s earnings according to their stockholdings, in the form of either dividends or extra compensation, that distribution was no longer forthcoming. Gardstein and Dissin, together holding 20.33% of the company’s outstanding stock, commenced this suit, seeking dissolution of Kemp & Beatley.
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